Thomas F Burrage Scholarship Fund
Nonprofit profile at a glance
- EIN
- 824134514
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- Lakewood, CO, USA
- Phone
- 3039801111
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $2,602
- Expenses
- $2,055
- Assets
- $13,752
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- Ronald Seigneur (Board Member)
- Stacey Udell (Board Member)
- Michelle Gallagher (Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the Thomas F. Burrage Scholarship Fund is to honor Tom Burrage and his contribution to the accounting and financial consulting industry throughout his career. The organizations mission is to provide scholarships, tuition assistance, grants and other forms of financial assistance to accounting and finance students who have demonstrated the need for such assistance in the Albuquerque, New Mexico area where Tom lived and established his career.
What it reported doing in 2024
Scholarships were given to one qualified student at the University of New Mexico
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 82
- Sustainability: 67
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.9%; rating input score 77
- Program expense ratio: 97.3%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 21%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 6.69; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 33.8% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: -8.5% per year; rating input score 0; 27th percentile among comparable filings
- Asset growth: 16.1% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 76.9% of revenue deployed · 97.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.